Live stock market news: Dow, S&SP; P 500, Nasdaq Futures gain slightly despite weekly losses

Carvana (CVNA) saw his actions decrease again on Friday, continuing his losses since the previous day after a report of short vendors showed doubts about the company’s recovery efforts.

Late in the morning, Carvana’s shares had fallen more than 6%, which adds to the loss of almost 2% on Thursday.

The short seller, Hindenburg Research, published a report entitled “An accounting jar father-child for ages”, claiming accounting fraud and sales of questionable actions that involve former CEO Ernie García II, and his son, Ernest García III, who now is the CEO of Carvana. The report has raised concerns about the company’s financial practices.

In response, Carvana described the statements of the “intentionally deceptive and inaccurate” report, indicating that other short vendors have made similar accusations that seek to benefit from the decline of the action.

The online car -based car market, Arizona, has suffered a significant restructuring of debt and cost reduction measures since 2022, when their actions collapsed, which caused fears of potential bankruptcy. Despite these challenges, Carvana’s actions recovered, winning almost 300% in 2024, although he continues to face great interest.